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Gold prices increase by 50 pounds to 6650

Gold prices increase by 50 pounds to 6650

Gold prices in Egypt experienced a significant increase during today's trading. The price of the 21-karat gold per gram, the most popular, rose by 50 Egyptian pounds to reach 6,650 pounds, compared to 6,600 pounds at the end of yesterday's trading. The price of the 18-karat gold per gram recorded around 5,700 pounds, while the 24-karat gold per gram increased to 7,600 pounds. Additionally, the price of the gold pound rose by 400 pounds to reach 53,200 pounds, excluding taxes. Globally, gold prices have hit their highest levels in over three months, driven by a weak dollar and anticipation of US inflation data, reflecting the increased appeal of the yellow metal as a safe haven amid economic and geopolitical uncertainties.

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